Chains and Sprockets Market

“Chains and Sprockets Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the chains and sprockets market. Chains and sprockets are power transmission tools used in engines as a drive between crankshafts and camshafts. They are made with cast iron, steel, plastic, and forged chains and are highly durable, compact, convenient to install and can operate in high temperatures. Moreover, they consist of cogs or teeth, which mesh with a track, chain, or other perforated material that allows the chain to move and rotate radially to pass over the sprocket. Owing to these properties, chains and sprockets are widely used across various industrial segments such as car manufacturing, bicycles, motorcycles, and tracked vehicles.

The market is primarily driven by the expanding automotive industry across the globe. Sprockets are employed in motorcycles, bicycles, and other vehicles to transmit rotational motion between two shafts that are not suitable for gears. In addition, various product innovations, such as the development of self-lubricated chains that are highly effective and durable for heavy material handling operations, represent another major growth-inducing factor. Besides this, with the rising prices of natural gas and gasoline and growing traffic congestion in metro and urban areas, consumers are widely opting for two-wheelers over four-wheelers. This, coupled with the escalating demand for sports bikes due to the increasingly fierce sports competition, is also contributing to the market growth. Moreover, rapid urbanization, inflating incomes of individuals, extensive research and development (R&D) activities, and mergers and acquisitions (M&As) conducted by key players are some of the other factors creating a favorable market outlook across the globe.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the chains and sprockets market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the chains and sprockets market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the chains and sprockets market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the chains and sprockets industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the chains and sprockets industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the chains and sprockets industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the chains and sprockets industry. Furthermore, the value chain analysis of the chains and sprockets industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Product: 

• Chains
• Sprockets

Segmentation by Application:

• Heavy industry
• Automotive industry
• Electronics and semiconductor industry
• Machine tools industry
• Construction industry

Segmentation by Region:

• Asia-Pacific
• Europe
• Latin America
• North America
• Middle East & Africa

Competitive Landscape:

• Regal Beloit
• Renold
• Rexnord
• Timken
• Tsubakimoto Chain

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the chains and sprockets industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the chains and sprockets industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the chains and sprockets industry. Furthermore, the value chain analysis of the chains and sprockets industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of the Chains and Sprockets Market

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the chains and sprockets industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.